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European markets close higher as earnings awaited
European markets closed higher on Monday, as investors digested a series of earnings and key data releases in both Europe and the United States this week.
The Stoxx 600 closed up 0.5%, led by the travel and banking sectors. The regional index added 2.77% last week, continuing to recover losses from earlier in April due to a sharp sell-off linked to US tariffs.
Regionally, the FTSE 100 closed up 0.02%, marking its eleventh consecutive day of gains and its best performance since late 2019.
France's CAC 40 rose 0.5%.
Germany's DAX also rose 0.06%.
This week will be closely watched for GDP and inflation data from France and Germany, due on Wednesday, as well as earnings from HSBC, BP, Deutsche Bank, and Shell.
Shares of food delivery company Deliveroo rose more than 16%, reaching their highest level since January 2022, after the company suspended a share buyback following a $3.6 billion offer from US-based DoorDash.
In contrast, Asian markets were quiet overnight as investors assessed China's pledges to support local businesses and developments in trade negotiations between the United States and countries in the region.
